The deal is the first ever sports sponsorship deal involving a cryptocurrency exchange platform, representing an exciting development for the cryptocurrency and blockchain community.

Shirt sleeve sponsorship debuted in the Premier League last season, and as such official sponsors CoinDeal will become the first ever shirt sleeve sponsor to feature on a Wolves shirt.

CoinDeal branding will also be visible around Molineux – on LED advertising boards and the first team dugout – as well as on all first team training kit.

Wolves managing director Laurie Dalrymple said: “We are absolutely thrilled to partner with CoinDeal at such an exciting time in Wolves’ history, and very pleased to announce our first ever shirt sleeve sponsor.

“Once more a partner has agreed to tweaking the colour of their logo to complement our kit, which is a huge gesture of goodwill towards the club and its fans, and something we are very grateful for.”

”CoinDeal is a bold and progressive company, who we believe to be an ideal match to become one of our principal partners, and we look forward to working with them throughout our first season back in the Premier League.”

Founded in March 2018, CoinDeal is a cryptocurrency exchange platform which aims to offer fast, safe, and easy cryptocurrency exchange services.

Uniquely, if users wish to add a new cryptocurrency to the exchange, they can launch a vote for a “new cryptocurrency”. If a certain number of users vote for the suggested cryptocurrency, it will be approved and added to the platform.

“I have always had a passion for the world of sports and its impact on consumers,” said CoinDeal co-founder Kajetan Maćkowiak.

“At CoinDeal we are very aware of the impact that football marketing can have on brand and its community, especially in industry such as ours. We believe that a club like Wolves will help portray our message globally.

“It is an incredibly exciting time to be involved with Wolves, on the eve of their return to the English Premier League and we look forward to supporting them to ensure they continue their incredible performance levels both on and off the pitch.”